EX-10
from 8-K
5 pages
This Letter (This “Agreement”) Documents the Intent of Utah Telecommunication Open Infrastructure Agency (“Utopia”) to Enter Into Two Separate Agreements With Connectedlyfe, Inc., Relative To: (1) Connectedlyfe Becoming a Service Provider Across Utopia’s Network; and (2) Utopia’s Willingness to Transfer Certain Interests in Its Wholesale Video System to Connectedlyfe, All Subject to the Terms and Conditions of the Agreements to Be Negotiated Between the Parties. It Is the Mutual Intent of the Parties That the Agreements Will Memorialize at Least the Following Terms and Conditions: Connectedlyfe Will Provide Utopia the Following: 1. Pay Utopia $350,000 ($175,000 on or Before March 1, 2010, $175,000 on or Before May 1, 2010). 2. Assume Recurring Operating Costs Relative to Utopia Wholesale Video Service in the Amount of $137,000 Annually as Previously Documented to Connectedlyfe, Inc. by Utopia, Which Will Be Reconfirmed With All Associated Terms and Conditions Under Utopia OBLIGATION.I 3. Commit to 3 Year Term for Service Operation and Delivery, With Annual Auto Renewal Thereafter. 4. Commit to Utopia First Consumer Commercial Deployment of Connected LYFE Nextgen Television Service Capabilities. 5. Provide High Availability/Quality Service Level Agreements (“Sla”). 6. Provide High Quality Customer Service and Provide Sufficient Staffing to Meet Customer Needs. 7. Provide Utopia Reversion Protection of Legacy and Nextgen Platform So That in the Event of Connectedlyfe’s Failure to Fulfill Its Obligations, Utopia’s Video Product Remains Competitive and Stable
12/34/56
